Citigroup Initiates Coverage on TeamHealth Holdings Inc to Neutral

Citigroup Initiates Coverage on TeamHealth Holdings Inc(NYSE:TMH). The shares have been rated Neutral. The rating by Citigroup was issued on Sep 26, 2016.

In a different note, On Aug 11, 2016, Jefferies said it Upgrades its rating on TeamHealth Holdings Inc. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, JP Morgan said it Maintains its rating on TeamHealth Holdings Inc. In the research note, the firm Lowers the price-target to $47.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 4, 2016, Barclays said it Maintains its rating on TeamHealth Holdings Inc. In the research note, the firm Lowers the price-target to $51.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 4, 2016, UBS said it Maintains its rating on TeamHealth Holdings Inc. In the research note, the firm Lowers the price-target to $47.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 4, 2016, SunTrust Robinson Humphrey said it Maintains its rating on TeamHealth Holdings Inc. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Buy’ by the firm.

TeamHealth Holdings Inc (TMH) made into the market gainers list on Thursdays trading session with the shares advancing 2.44% or 0.77 points. Due to strong positive momentum, the stock ended at $32.3, which is also near the day’s high of $32.42. The stock began the session at $31.67 and the volume stood at 3,40,870 shares. The 52-week high of the shares is $63.56 and the 52 week low is $31.07. The company has a current market capitalization of $2,395 M and it has 7,41,57,535 shares in outstanding.

TeamHealth Holdings Inc(TMH) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.12B. Analysts had an estimated revenue of $1.17B. Earnings per share were $0.66. Analysts had estimated an EPS of $0.65.

Several Insider Transactions has been reported to the SEC. On Aug 14, 2015, David P. Jones (Executive VP and CFO) sold 42,000 shares at $63.14 per share price.Also, On Aug 10, 2015, Kenneth H Paulus (director) purchased 1,000 shares at $63.84 per share price.On Jun 24, 2015, H. Lynn Massingale (Executive Chairman) sold 3,044 shares at $62.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Team Health Holdings Inc. (TeamHealth) is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. The Company provides services through two operating segments: Healthcare Staffing and Other Services. The Healthcare Staffing segment is an aggregation of emergency medicine anesthesia specialty surgery and locums staffing. The Company provides healthcare service programs to users and providers of healthcare services on a fee for service as well as a cost plus or contract basis. The Other Services segment is an aggregation of hospital medicine military and Government healthcare staffing scribes clinical services nurse call center operations. The Company’s Other Services segment also offers billing collection and consulting services which provide a range of other healthcare services. The Company provides outsourced services to hospital emergency departments (EDs).

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